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General News

ANCO Moves to Save Courier Industry from Unhealthy Practices

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(L-r): Toyin Adeojo, publicity secretary, Siyanbola Oladapo, national president, Ms Lara Okuneye, vice president, Okey Ubah, secretary general and Ranti Shobande, Financial Secretary, all members of Association of Nigeria Courier Operators (ANCO) during the Association’s retreat..last week.
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Members of the Association of Nigeria Courier Operators (ANCO) recently, took to the Eleguishi Beach located in Lekki, Lagos, to ponder on issues concerning postal and courier industry in Nigeria, many of which are unhealthy to the sector.

At the a-day retreat covered exclusively by Nigeria CommunicationsWeek, some industry practitioners received thumb-down for negligence on the operational rules of engagement, while ANCO vowed to collaborate with the Federal Government through the Courier Regulatory Department (CRD) of NIPOST to ensure the industry is purged of inadequacies.

Declaring the retreat open, Mr. Siyanbola Oladapo, national president of the Association, said that ANCO executives in agreement with the members deemed it necessary to relax in a serene environment and thinker on how matters concerning the industry can be addressed.

He said they needed an environment devoid of Lagos metropolis “noises” and interferences to mediate on identifiable cases.

What are these cases? He identified some of issues that demand urgent attention to include non-adherence to pricing regulations, unhealthy marketing, independent regulator, and quackery.

On pricing, the Oladapo said, “We are not just the people advocating for strict adherence to minimum price in the industry. Even the registrars and the CRD have urged operators to maintain this stand. CRD came up with the benchmark which we advice every player in the industry to adhere to”.

Nodding in agreement, Ms Lara Okuneye, vice president of ANCO said, “In a relaxed environment, you will be able to discuss freely with your colleagues. One of such issues is pricing. Some people go out there because they do not know what they want; they are just anxious about getting contract. During the process, they end up cutting corners. We want to rebrand the industry. Let them know that this industry is driven my integrity and competence. If you know you are of a royal blood, you wouldn’t behave like a street urchin”.

She alluded to Oladapo’s position that necessitated the retreat, thus, “We came out here to put heads together and muster courage to confront certain issues bedeviling the industry. This is actually the peak of our operations, but people are tensed up. We want them to be relaxed. In other words, we do not want to lose anybody. In doing that, we get to know each other and there are salient points we want to discuss”.

In same light, Imasuen Olajumoke, managing director of Ran Parcel Services limited told Nigeria CommunicationsWeek that, “Presently, we are not enjoying any uniform rate, even though it is there. Courier Regulatory Department (CRD) gave out these rates. Professionally, every courier firm should adhere to the rates. In my company, if we are deliver a parcel for you from Lagos to Maiduguri within 48 hours, N3,500 is the minimum charge. So, the industry needs an enforcement of regulatory rates.

“For ANCO, we can do a lot for the industry by emphasizing that we need to work as a team. The need for us to expand has come”.

Angered by the unceasing unhealthy marketing, scheming and gimmicks coupled with backstabbing, Mr. Okey Ubah, secretary general of ANCO, said that, a situation companies goes at the back to re-negotiate contracts already awarded to another firm, especially without superior and competitive edge, implies that some players are out to ruin others businesses.

“A situation where you have a contract to deliver parcels and as you cannot cover everywhere, it will require you network with your colleagues; the person goes behind to slander you before the client in other to take the advantage.

“Instead, bring up superior argument on why you should be allowed to carry out the delivery, as against such practices of backbiting.

“Secondly, when you expose your industry to the pushes of economic constraints, and that comes mainly from greenhorns, they do not ask how to get the job or channels of delivery. At the end, they will be constrained on how to carry out the delivery.

 “When a job that should cost about N10, because someone is desperate for the venture he goes to negotiate for N5. At the end, he might not be able to deliver, dumps it or goes back for re-negotiation. By that, you are running yourself and the industry down. That is aggressive marketing, unnecessary scheming and inordinate marketing that is bad. In the mean time, you may think that is smartness, but it backfires”.

Oladapo slammed operators who cheapen themselves and berated others who have refused to abide by the rules, especially by registering with NIPOST.

He said, “If you are a professional, you have to abide by the principle, ethics, and rules guiding the profession. Companies tend to underrate the operators due to the economic outlook of the nation. Why some of the operators cause it themselves by disregarding the federal government’s pricing guides. We are saying, although there is no upper limit, but there should be a lower limit. We are trying to enforce it that the industry, might grow.

“It is another way to checkmate quackery: who are given to cutting corners. We have to make difference in the way the society perceives and treats us. We are interested in upholding the objectives, to promote the industry, ‘sanitize’ it and ensure that those who are not part of the reform are not been patronized by the innocent members of the public. There will be sanctions hence we are ready to work with the federal Government through the CRD to achieve the purpose”.

ANCO scribe also questioned the rationale behind some quoted companies that deliberately refuse to hold annual general meetings or print annual reports for their shareholders.

This attitude, he said, has led to hardship on the part of registrars and courier operators who are part of the value chain in the distribution and dispatch of the annual report.

Ubah said, “It shows the general decadence in the society. When you talk about registrars, it is not solely under their purview for annual reports to be printed for shareholders. It involves company secretaries, shareholders association, registrars, Securities and Exchange Commission (SEC), and Nigerian Stock Exchange (NSE). Should any of them compromise it affects others in the chain. The job of the registrars is to ensure the reports are distributed involving the courier firms.

“They do not even have the right to decide the quantity of reports to be printed. Primarily, the shareholders ought to react when their annual reports are not printed; send queries to SEC when they do not print the actual number of annual reports. When companies engage in such shoddy acts, it affects the registrars resources; by implication the courier companies have to downsize, . as breadwinners lose their jobs, people must survive in one way or the others, therefore, crime becomes thrives in the society. It is not advisable for companies to continue to surchange the system through that dubious means. Every shareholder is entitled to an annual report, whether in attendance during the meeting or not.

“The essence of the report is for them to diagnose the company’s performances and determine if to continue investing or otherwise. Such action is illegal and malicious. It has to be taken care of, because it affects businesses and the economy”.

They were agreed that these issues could be things in the past should the Federal Government deliver on its promise to give the industry an independent regulator.

Also speaking to Nigeria CommunicationsWeek, Ranti Shobande, ANCO’s Financial Secretary, said, “We were happy when we heard that the Federal Executive Council (FEC) has approved the moves for the Postal Commission Bill; we thought in a short while the nine (9) years lingering issue will be resolved.

“However, we have not heard from them again; besides, the office of the vice president is expected fine-tune the Bill. Look at a country like Ghana; there is no way you can compare postal sector in Nigeria to Ghana’s industry. Why the foot-dragging? I am beginning to believe vested interests are bent on killing the morale of the operators. But how long shall this continue?

Olajumoke agreed with Shobande’s postulation, adding that, “Countries that understand the positive impact of the postal & courier sector on the economy do not play politics with the sector. Even though they have embraced the internet and its courses, it has not deterred them from appreciating why the postal should be given a face-lift. They deliberately allowed the postal industry operations.

“Apart from the fact not everybody can operate the internet; these countries understand that people who work there should be protected. Outside Nigeria, postal industry receives a lot of attentions and assistance from the government. Until we appreciate that the best way to help this industry is to enact a law for the establishment of an independent body, then we might just be walking about a circle”.

 Meanwhile, Mr. Toyin Adeojo, publicity secretary of the Association, said that, on the interim, the Federal Government should provide CRD with necessary tools to aid her operations; hence the industry must be sanitized before the country could reap from its numerous potentials.
 


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Union Bank’s alpher Initiative Empowers SMEs, Strengthens Nigerian Economy

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Union Bank of Nigeria has reiterated its commitment to entrepreneurship and women’s empowerment through its alpher initiative by sponsoring the Nigerian British Chamber of Commerce (NBCC) Women and Youth Entrepreneurship Development Centre (WYEDC) Cohort 2 Programme, which has graduated 125 entrepreneurs who have benefited from firsthand entrepreneurship training and business grants.

Small and medium-sized enterprises (SMEs) in Nigeria account for more than 50% of industrial employment and contribute approximately 48% to the country’s GDP.

This makes entrepreneurship one of the economy’s building blocks and is a testament to Union Bank’s unwavering dedication to national development in partnership with NBCC.

In her welcome speech, the Director General of NBCC, Dr. Ebere Njoku, reiterated NBCC’s commitment to supporting entrepreneurship, women’s empowerment, and youth empowerment, citing these as catalysts for economic development and sustainability.

She appreciated the sponsors, partners and facilitators who devoted their resources and time to upskilling the participants.

The entrepreneurship initiative stemmed from the visionary goal of Mr. Ray Atelly, President and Chairman of the Council, NBCC, FRPA, to provide entrepreneurship and grant opportunities to Nigerian women and youths.

Mr. Atelly told the graduates in his speech, “This is your chance, make sure you take it. Don’t let any obstacle stop you because there will be many; if you let it stop you, your dreams are not strong enough. You need to keep pushing, someday you will sit at the top of a conglomerate and people will aspire to be like you.”

Also in attendance was the NBCC’s Patron, Senator Akin Odunsi, FRPA, who congratulated the Cohort 2 graduates.

He said, “I encourage all of you not to take the training you have received for granted. Use it as a landmark opportunity to be a beacon of hope to others who look up to you.”

He also urged the Chamber to provide internship opportunities after the six-month entrepreneurship training in organisations for the incoming Cohort 3 and beyond.

He added that the internship experience will give trainees the unique chance to practice what they learned and, in return, benefit the organisations from their acquired skills.

The goodwill message at the graduation ceremony was delivered on behalf of Mrs. Yetunde Oni, Managing Director and Chief Executive Officer of Union Bank of Nigeria, by Mrs. Vivian Imoh-Ita, the Bank’s Head of Retail and SME Business, who appreciated NBCC for the life-transforming training they are providing to the youth and women entrepreneurs.

She further stated, “As a Bank, we understand that when we invest in women and youth entrepreneurs, we are investing in the most powerful catalysts of economic transformation. Through the Bank’s alpher initiative, we have enabled success for women-led businesses. In a volatile economy like Nigeria, the challenges facing entrepreneurs are dynamic and significant. As a Bank, we intend to prove that these barriers are not unconquerable and are growth opportunities.”

Three entrepreneurs, namely Evelyn Ekene Ani of Evani.Ng (First place), Martha Padonu of Beyond Photography (Second place), and Therietta Vershima of La Teriz (Third place) were declared winners of the Union Bank Business Pitch competition held during the graduation ceremony and were rewarded with funding for their businesses.

The Bank’s sponsorship of the training demonstrates its commitment to fostering a vibrant, innovative, and inclusive entrepreneurial ecosystem for women and all individuals.


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Wema Bank Workers, Others Arraigned over Alleged N8.9Bn Cybercrime

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The trial of three employees of Wema Bank Plc and four others accused of orchestrating N8.9 billion cyber heist has been stalled due to the Eid-el-Kabir public holiday.

Wema Bank Workers, Others Arraigned over Alleged N8.9Bn Cybercrime

Economic and Financial Crimes Commission (EFCC) had arraigned the bank staff—Samuel Asiegbu, Fabian Onyeimachi, and Kingsley Kejim—alongside four alleged accomplices: Hannah Okunlola Adesokan, Hamza Zakariya, Achionu Ubaku, and Sunday Osademe, before Justice Chukwujekwu Aneke of the Federal High Court in Lagos on May 25, 2025.

The seven defendants face an eight-count charge bordering on conspiracy, cybercrime, and obtaining money under false pretences. They were accused of hacking into Wema Bank’s computer systems in January 2025 and unlawfully transferring N8,568,090,500 to various accounts.

According  S.O. Larry Peters,  counsel, EFCC, the defendants acted in concert with two other suspects—Nurudeen Ibrahim and Alhaji Sulaiman—who are currently at large. The syndicate allegedly manipulated the bank’s data using sophisticated digital tools to cause financial loss and confer illegal economic gains on themselves.

Peters further revealed that two of the defendants—Hannah Okunlola and Sunday Osademe—provided personal bank accounts for the illicit proceeds. Investigators traced N199 million to Okunlola’s UBA account registered under Search Light Media Concept, and N2.25 million to Osademe’s Union Bank account.

The offences, according to the charge sheet, violate Sections 6(2), 8, 14(1), 14(5), and 27(1)(a) of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015, as well as Sections 17(a)(b) of the EFCC Establishment Act, 2004.

All seven defendants pleaded not guilty. Following their plea, the court remanded five of the accused in the custody of the Nigerian Correctional Services, while Kingsley Kejim continued on existing bail terms.

The court granted a special request by defence counsel to remand Hannah Okunlola in EFCC custody due to medical concerns.

Justice Aneke had adjourned the matter to June 6, 2025, for commencement of trial. However, due to the nationwide Sallah holiday declared by the federal government, the proceedings could not go ahead as scheduled.

A charge reads: “That you, Samuel Ihechukwu Asiegbu, Ejim Kingsley Kelechi, and others now at large, in January 2025, conspired to alter Wema Bank data to cause the loss of N8.568 billion in order to benefit economically, thereby committing an offence under Section 27(1)(a) of the Cybercrimes Act, 2015.”

The case has drawn significant attention as one of the most audacious cybercrime cases involving bank insiders in Nigeria’s recent history.


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Music Stars, Comedians Light Up “Evening with Glo” in Ijebu Ode

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The 2025 Ojude Oba celebrations kicked off on Friday evening with “Evening with Glo,” a special event organized by Globacom and headlined by Juju music legend Evangelist Ebenezer Obey Fabiyi and Fuji maestro Wasiu Ayinde Marshall (KWAM 1)

This year marks a significant milestone: Globacom’s 20th anniversary as sponsors of the Ojude Oba festival, an event it has helped transform into a globally recognized cultural spectacle.

The “Evening with Glo” was a vibrant mix of live music, delicious food, and captivating comedy from Gbenga Adeyinka, Bash, and Kiekie. The Conference Hall venue was packed as guests enjoyed more than two hours of Ebenezer Obey Fabiyi’s timeless hits, with the audience singing along and dancing.

Globacom organized the event as a gesture of appreciation to the Ijebu community for their unwavering support over the past two decades of the Ojude Oba festival. “We decided to bring together great sons and daughters of Ijebuland to celebrate our shared heritage, and indulge in the melodious rhythms that resonate deeply throughout Yorubaland,” the company stated.

The company explained their choice of musical icons, noting that the “ageless icon and Juju music maestro, Chief Commander Ebenezer Obey, has contributed decades of good, sonorous and philosophical songs to our society. His songs are still as fresh and full of inspirational messages as they were yesterday.”

Regarding KWAM 1, the company highlighted that “For decades, King of Fuji, K1 De Ultimate, the Fuji master, has been a great part of the music firmament in Nigeria, with his unique brand of Fuji that has elicited huge interest.”

The event saw a strong turnout of prominent Ijebu figures, including the Olori of Oba Awujale, Chief Mrs. Olukemi Adetona; the Coordinator of Ojude Oba Festival Planning Committee, Professor Fassy Yusuff; and a committee member and Iyalode of Ijebuland, Chief Mrs. Bisi Osibogun.


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